Rent vs Buy Calculator
Compare the true costs of renting vs owning in Calgary
For Evaluation Purposes Only
This calculator provides simplified comparisons based on general assumptions. Your actual financial situation involves many additional factors including tax implications, opportunity costs, investment returns, maintenance costs, and personal circumstances. Always consult with a qualified financial advisor before making major housing decisions.
Buying Parameters
$130,000
Calgary 10-year average: ~3.5%
Renting Parameters
Calgary average: ~2-4%
Time Horizon
1 year15 years
Buying Wins 🏆
After 5 years, buying would leave you $27,040 better off than renting.
$27,040
Net advantage of buying
Cost Breakdown
Renting Costs
Total rent paid (5 years)$140,161
Net position$140,161 loss
Ownership Costs
Down payment$130,000
Monthly payment$3,193
Property tax/mo$352
Insurance/mo$150
Maintenance/mo$542
Total monthly$4,237
Equity Built
Home value after 5 years$753,528
Principal paid down$55,771
Your equity$289,299
Monthly Comparison
Rent$2,200/mo
Own (all costs)$4,237/mo
Difference+$2,037/mo
Need Personalized Guidance?
The rent vs buy decision depends on your unique financial situation, goals, and timeline. Let's discuss your specific circumstances and help you make the right choice for your future.
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